June 25, 2018 – Coastal Enterprises, Inc. (CEI), which helps to grow good jobs, environmentally sustainable enterprises, and shared prosperity in Maine and rural regions across the country, announced that Catherine Godschalk, Beth Mattingly, Justin Maxson, and Stewart Smith have been named to its board of directors. In addition, Christa Velasquez has been elected to serve as chair, and Susan Hammond has been elected to serve as vice chair of the board of directors. Erin Cooperrider, who has served as Chair for the past year, is stepping down from the Board. Erin joined CEI’s board in 2010.
CYNTHIA MURPHY – Senior Program Director, Workforce Solutions Cynthia leads workforce solutions strategy and program delivery at CEI, helping employers create a people strategy that delivers competitive advantage and expanding opportunities for marginalized job seekers. She identifies opportunities to advocate for public policies that encourage quality jobs and amplify the public narrative about how quality jobs strengthen families, businesses and communities. Prior to joining CEI, Cynthia had a 25+ year career in the for-profit sector leading commercial operations for subsidiaries of Thomson Reuters, a global information business. She holds a BA from the University of Maine, an MS from Simmons College and a certificate in nonprofit management from Georgetown University. She volunteers as a certified SCORE mentor and a Top Gun Mentor.
CEI also recipient of $1.75 million in grant and loan capital from Wells Fargo to empower diverse small business owners
(Brunswick, Maine – May 21, 2018) Hardworking Mainers who need catalytic capital to scale up small business operations have a new option, Wicked Fast Microloans from Coastal Enterprises, Inc. (CEI).
Study Examines Barriers and Opportunities in the Region
April 30, 2018 – Biddeford, Maine — Junora Ltd., a startup company providing advanced metallurgical products for the global vacuum coating industry today announced it has closed on a $500,000 minority investment from CEI Ventures, Inc. (CVI).
April 23, 2018 – Brunswick, Maine – Three custom scallop aquaculture machines built in Japan have recently been purchased by CEI as part of a multi-phase initiative to further develop scallop farming efforts in the state of Maine.
Seedlings to Sunflowers, Gorham, Maine Loan Officer Daniel Wallace writes about the USDA Community Facilities Relending Program in a recent Daily Yonder article. This lending program was created in 2016 to provide long-term, low-cost financing for community lenders like CEI who work in impoverished rural and Native American communities.
CEI is pleased to congratulate three portfolio businesses, all from Maine, as the recipients of sofi awards from the Specialty Food Association: